secwatch.observer — SEC 8-K summary
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Issuer:     Norwegian Cruise Line Holdings Ltd. (NCLH)
CIK:        0001513761
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001171843-26-002957
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCLH beats Q1 estimates but slashes full-year 2026 guidance on geopolitical headwinds
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- Q1 revenue $2.3B (+10% YoY); GAAP net income $105M ($0.23 EPS); Adjusted EBITDA $533M (+18%).
- Adjusted EPS $0.23 beat guidance of ~$0.16; but full-year 2026 Adjusted EPS cut to $1.45-$1.79.
- Full-year Net Yield outlook cut to -3% to -5% on constant currency; cites Middle East disruptions and softer European demand.
- Initiated $125M annualized SG&A savings through workforce optimization and streamlining.
- Q2 2026 Adjusted EBITDA expected ~$632M; net leverage at 5.3x with $1.6B liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1513761/000117184326002957/0001171843-26-002957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1513761/000117184326002957/f8k_050426.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002957

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer